Addition for cash deposit during demonetization period by housewife of upto Rs. 250000 is invalid

Aroshi Jain Vs ACIT (ITAT Delhi) Circular No.03/2017 dated 21.02.2017 provides that no further clarification or verification is required to be made in a case of an individual when the deposited amount during demonetization period is upto Rs. 2,50,000/-. In the present case, the assessee who is a housewife having no other source of income has deposited 2,40,000/- during demonetization period. Therefore, in view of the CBDT Circular (supra) and the order of ITAT in the case of Neeru Jain vs. ITO, the addition made by the AO and confirmed by the ld. CIT(A) cannot be held as sustainable as the sam...